FCMAT
Since December 2024, FCMAT has been engaged with the Plumas Unified School District because of a joint request from the California Department of Education, the Plumas County Office of Education and the Plumas Unified School District.
FCMAT's primary work to date has been to assess the current and immediate future fiscal condition of Plumas Unified School District. FCMAT's March and April 2025 work has concluded that the Plumas Unified School District will be cash insolvent by August 2025, necessitating immediate intervention by the state. This process is known as receivership. It is an alternative to protection under federal bankruptcy law, and it includes a fiscal stabilization and recovery process.
FCMAT's role is to shepherd the district through the initial receivership process, and to help determine the size of the emergency advance apportionment the state needs to provide to allow the district to do the following:
On April 28, 2025, the Plumas Unified School District Governing Board passed Resolution 1678, Requesting an Emergency Advance Apportionment. This resolution is the district's formal request for the state's assistance in the form of an emergency advance apportionment of funds, as provided for under the state's receivership statutes.
Plumas Unified School District Governing Board Resolution 1678, passed on April 28, 2025, requesting an emergency advance apportionment.
FCMAT's April 6, 2025 management letter to Plumas Unified School District, which includes a multiyear financial projection for the district and associated analysis.
FCMAT's April 9, 2025 presentation to the Plumas Unified School District board and community.
Emergency advance apportionment legislation regarding Plumas Unified School District (Assembly Bill _____ and Senate Bill _______) coming soon.
Plumas County Office of Education and Plumas Unified School District website.